Mastercard Views Crypto More as Asset Class Than Form of Payment

Mastercard Views Crypto More as Asset Class Than Form of Payment

Post Views: 238 Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added. Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency in an interview…

Biggest Movers: APE Hits 2-Month High, as UNI Nears Highest Point Since April

Biggest Movers: APE Hits 2-Month High, as UNI Nears Highest Point Since April

Post Views: 357 Apecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak. Uniswap was another big mover on Wednesday, as the token climbed by as much as 14%. Overall, the global crypto market cap is trading 2.79% higher as of writing. Apecoin (APE)…

Europe’s Securities Regulator ESMA Seeks to Obtain Crypto Transaction Data

Europe’s Securities Regulator ESMA Seeks to Obtain Crypto Transaction Data

Post Views: 214 The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities. The coverage should encompass all major exchanges and crypto assets so…

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

Post Views: 217 On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic…